Form 4: Brookline Bancorp General Counsel Disposes Shares Post-Merger

Marissa S. Martin, General Counsel of Brookline Bancorp, reported the disposition of 33,673 common shares following the company's merger with Berkshire Hills Bancorp.

Summary

• Marissa S. Martin, General Counsel and Officer of Brookline Bancorp, Inc. (BRKL), reported the disposition of 33,673 shares of common stock.
• The transaction occurred on September 1, 2025, and was a direct result of the Agreement and Plan of Merger between Brookline Bancorp, Inc. and Berkshire Hills Bancorp, Inc.
• Each share of Brookline Bancorp common stock was converted into the right to receive 0.42 shares of Berkshire Hills Bancorp common stock, with cash provided in lieu of any fractional shares.
• Following this reported transaction, Ms. Martin's beneficial ownership of Brookline Bancorp common stock is 0 shares.

Sentiment

Score: 5

Explanation: Neutral. The filing reports a mandatory transaction (stock conversion due to merger) rather than a discretionary buy/sell, so it does not reflect positive or negative sentiment from the insider directly. The merger itself is a significant corporate event, but this filing only details the mechanics of the share conversion for a specific individual.

Future Outlook

NA

Industry Context

This transaction reflects a consolidation event within the banking and financial services sector, where Brookline Bancorp, Inc. merged with Berkshire Hills Bancorp, Inc. Such mergers are common strategies for growth, market expansion, and achieving economies of scale in a competitive industry.

Stakeholder Impact

• Shareholders of Brookline Bancorp, Inc. had their common stock converted into shares of Berkshire Hills Bancorp, Inc., altering their ownership in the combined entity and potentially their investment profile.

Key Dates

Keywords

Brookline Bancorp, BRKL, Berkshire Hills Bancorp, Merger, Form 4, Insider Transaction, Stock Conversion, Marissa S. Martin, General Counsel